The Truth about the Cost of Living in Singapore

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The first question that pops into everyone’s mind when thinking about relocating to another country is: how much does it cost? Money plays one of the biggest roles in daily life, and it makes sense that everybody factors it into any major life decision. The cost of living in Singapore is comparable to all major cities around the world. It ranks as one of the most expensive cities in all of Asia, but that’s not to say that you have to be rich to live there. There are many different levels in Singapore so you simply have to find the one that fits your budget.

The biggest monthly expense in everyone’s budget is housing in Singapore. Some people decide to spend more than half of their income on their housing, while others trim that number in half. If you decide to live in the center of Singapore you can expect to pay a hefty price for a one bedroom apartment. If you don’t mind living outside of the hub, you can find a similar apartment for half the price. Most all apartment buildings are new, so no matter where you end up, you will be comfortable.

After housing you have to consider your bills. In Singapore your bills will run somewhere in the three hundred US dollar range considering electricity, internet, water and your mobile phone. Public transportation is a great deal. You can get a one way ticket on local transportation for $1.50 and a monthly pass for about $60.00. You have to pay more if you want to take taxis around town, but that is to be expected. For more information visit the official website about Public transportation in Singapore.

After housing, it seems like all of our money goes to food. Some people eat to stay alive while others eat as a form of entertainment. In Singapore you will have lots of delicious food options to choose from. There are high end restaurants you can spend an entire paycheck at, or there are local restaurants where you can eat cheaply. As for groceries, there are great local markets to buy your weekly food. There are many high end grocery stores as well.

The cost of living in Singapore ranks up with the major cities in the world. It compares to New York, London, and Tokyo. But, just like all of those other cities, you can find a lifestyle that fits your budget. As long as you have a steady income, you can have a very enjoyable life in Singapore, without going broke.